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Dates: during 2000-2009
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...This kind of exuberant consumer behavior helps to explain why China has powered through the global recession with only limited damage. Local officials expect Xi'an's gross domestic product to surge 13.5% in 2009, far faster than the central government's 8% target for the national economy. Even more importantly, the thriving economy in this city of 8 million lends hope that China might be able to complete its next great economic transformation. China has come to depend too much upon exports and investment for growth. What's needed is economic rebalancing, so that domestic consumption contributes more...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...ways to move ahead in the game. One is to grind, as it's known--plow, plant and harvest. Once you've grown, say, eggplant, you accumulate enough points to move up to a wider choice of crops. You invite friends to be your neighbors. You exchange gifts and help out, all of which let you accrue the capital you need to expand your farm, thus making it ever more remunerative...

Author: /time Magazine | Title: Troubling Rise of Facebook's Top Game Company | 11/30/2009 | See Source »

...usually fairly easy for a movie critic to drum up a date for a screening. But persuading someone to join you at the film adaptation of Cormac McCarthy's solemn, searing postapocalyptic novel The Road is apparently akin to asking if they'll help you transport nuclear waste. One friend essentially declared that even if Pauline Kael rose forth from the grave to endorse this cinematic spectacle of father and son wandering a ruined world in search of uncertain sanctuary, she still would...

Author: /time Magazine | Title: The Road on Film: Beautiful, Bleak | 11/30/2009 | See Source »

Clinton deserves high praise for having publicly said what no U.S. diplomat heretofore has had the sand to say: If Osama bin Laden and his confederates are indeed in Pakistan, the government there is not doing enough to help find them and bring them to justice. And she said it while she was in Pakistan...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

...faith in the viability of the Republican Party received a major boost with the November elections. Sarah Palin's offer to help in Virginia and New Jersey was declined by gubernatorial winners Robert McDonnell and Chris Christie, and her avowed congressional candidate, Doug Hoffman, lost in a previously unlosable Republican district. It is, after all, hard to support a person who doesn't know if Africa is a continent or a country. More good news like this, and I might rejoin the party I abandoned...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

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